Gold prices traded lower on Tuesday as positive economic data and U.S. earnings boosted risk sentiment, dampening demand for the safe haven precious metal. At 9:02 AM ET (13:02 GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $9.45, or 0.7%, to…

The euro can be to news related to economic data/growth outlook in the current market environment. The only good news I can think of in relation to this is that there are some green shoots in the Eurozone economy still and that's providing some support for the euro until they…

With a strong fundamental release for the US Dollar last week, USDJPY managed to raise till strong support changed resistance at 112.00. Start of this week was quite dull as there was no big impact but bearish reversal is seen at 112.00 region. The USD/JPY pair traded with a mild…

USD/CAD is slightly lower at the start of the week. Currently, the pair is trading at 1.3302, down 0.18% on the day. In the U.S., the Empire State Manufacturing Index improved to 10.1, beating the estimate of 8.1 points. Later in the day, Canada releases the BoC Business Outlook Survey.…

USDCAD is trading at 1.3326 The markets could indicate that the price may test the upside border of the cloud at 1.3340 and then resume moving downwards to reach 1.3195. Another signal to confirm further descending movement is the price's rebounding from the channel's downside border. However, the scenario that…

CNBC: U.K. Prime Minister Theresa May has returned from Brussels with a Brexit extension that pushes the next deadline out to October 31. May has seen her preferred withdrawal from Europe rejected three times already but now has another six-and-a-half months to try to get some form of deal over…

EURUSD technical perspective, the pair managed to bounce off support marked by the lower end of a short-term ascending trend-channel formation on hourly charts and now seems to have found acceptance above 38.2% Fibonacci retracement level of the 1.1448-1.1184 recent downfall. With technical indicators on the mentioned chart holding in…

XAUUSD tested the 1310.200 region yesterday and bounced back aggressively before couple of hours breaking the psychological region at 1300.000. XAUUSD is been trending perfectly for the past few days giving a clear-cut view for the traders to jump into the market. Sellers have perfect opportunity at the third trendline…

The day had been quite bullish for the dollar as the fundamental releases Inflation headlines came in above expectations for March while the Core Index rose below consensus.As of writing USDCHF at 1.00207, bulls did not make it above the ascending channel in the 1 hour time frame and tested…

The high today extends to 1.1274 with the low at 1.1256, a mere 18 pips range so far. Buyers are still in near-term control (price holds above key hourly moving averages) but there isn't much real conviction to chase a move towards the 1.1300 handle for the time being. ECB…